[Ed. Note: Good advice, bad advice here... 10% of your assets in gold, sure. Getting there by way of ETF's, no way. ~SGT]
by Debasish Mallick, Deccan Chronicle :
Debasish Mallick is the managing director and chief executive officer of IDBI Asset Management Ltd.
He speaks to S. Umamaheshwar about investment plans and the effect of global developments on people?s investment decisions. Excerpts:
Q: What is your outlook for gold as an investment option considering that it is already at the peak?
Gold is closely linked with the global economy. It is considered to be the safe haven for investors and it is certainly the best investment in the time of a crisis situation.
Though there are signs of improvement in the global economy, the weakness in the US dollar ? due to its struggling economy ? and other fully-convertible currencies like euro and yen could force central banks to park some part of their reserves in gold. So, TINA (there is no alternative) factor would help the yellow metal in attracting investments.
Q: What percentage of a person?s investment needs to be in gold?
Gold acts like a hedge against inflation. So about 10 per cent of one?s investment portfolio should be in gold. Gold ETF would be an ideal way of investing as unlike physical gold, it does not attract taxes.
You could also invest in gold ETFs through a systematic investment plan and its price would be almost near that of the physical gold.
Read More @ Deccanchronicle.com
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